Showing 1 - 10 of 862
We model retirement behavior in Sweden during the 1990ies with focus on voluntary early retirement where there is an … retirement. Earlier studies have neglected such offers, but in doing so, estimates of the individuals' responses to financial … incentives in a retirement decision are likely to be biased upward. We propose an estimation strategy where the retirement …
Persistent link: https://www.econbiz.de/10010321591
retirement. The results remain robust when controlling for technological change and work commitment. …
Persistent link: https://www.econbiz.de/10010268867
This study investigates whether many people fear an unexpectedshock in their financial situation around retirement and … distribution of expectations andrealizations, suggest that individuals around retirement are overly pes-simistic and attach more …
Persistent link: https://www.econbiz.de/10010325606
active working life. Retirement through either of these pensions was and in 2006 still is an accessible exit route from the … labour market that provides a minimal but secure income flow. For those reaching the minimum legal retirement age, retirement … system make retirement very attractive, especially for those with bad labour market prospects. Accepting that this system was …
Persistent link: https://www.econbiz.de/10010494678
Seit im Jahre 2002 die ersten 18 Pensionsfonds ihre Geschäftstätigkeit aufgenommen haben, ist nun rund ein Jahrzehnt verstrichen. Dies ist Anlass, einen Blick auf die wirtschaftliche Situation der Pensionsfondsindustrie zu werfen.Zunächst werden die fünf Durchführungswege der betrieblichen...
Persistent link: https://www.econbiz.de/10011315416
current earnings than members of defined contribution pensions and that median expected private pension income in retirement … less likely to expect any inheritance. Hence we conclude that inequalities in different dimensions of retirement resources …
Persistent link: https://www.econbiz.de/10010293040
We use a unique dataset on individual retirement decisions in Swiss pension funds to analyze the choice between an … annuity and a lump sum at retirement. Our analysis suggests the existence of an ?acquiescence bias?, meaning that a majority …
Persistent link: https://www.econbiz.de/10010261379
The ratio of pension assets to GDP in Denmark is the highest among OECD countries. Danish pension funds invest more than half of the country's pension wealth in foreign assets, giving rise to exchange rate risks that are managed using financial instruments. We study the currency hedging...
Persistent link: https://www.econbiz.de/10014564104
While macroprudential policy has mostly focused on the role of banks, we argue that pension funds are also important for financial stability. Drawing on previous research on pension funds, we explain how their actions can have a vital impact on other financial institutions as well as on...
Persistent link: https://www.econbiz.de/10014334701